$3.25 trillion stock loss reaches crypto market cap

On April 4, 2025, the U.S. stock market experienced a staggering one-day loss of $3.25 trillion, reaching the entire cryptocurrency market cap of approximately $2.68 trillion at the time.

This significant decline was triggered by fears over President Donald Trump's recently announced tariffs, which have intensified concerns about a global trade war and potential recession.

The Nasdaq 100 entered bear market territory with a 6% drop, marking its largest daily decline since March 2020.

Among major stocks, Tesla led the losses with a 10.42% decline, followed by Nvidia and Apple, which fell 7.36% and 7.29%, respectively.

The Kobeissi Letter noted that U.S. stocks have erased over $11 trillion in value since February 19, with recession odds now above 60%.

Despite this turmoil, Bitcoin (CRYPTO:BTC) has shown relative stability, and maintaining its support level above $80,000.

Crypto trader Plan Markus observed that while the stock market is "tanking," Bitcoin remains resilient.

Even some crypto skeptics have noted the contrast between Bitcoin's performance and the stock market's decline, with Dividend Hero commenting, "Seeing it not tank while the stock market does is very interesting to me."

Technical trader Urkel added that Bitcoin "doesn't appear to care one bit about tariff wars and markets tanking."